Dramatic increase in worldwide exports despite political upheaval

Tuesday 5 July 2016

Exports from Cambridgeshire companies exceeded £47million in June 2016 – almost double the value of the same month the previous year.

The annual increase of over £23million is in part down to companies increasing their presence in the Chinese market – some £19million of the £47million total was destined for China, up £18.2million based on the same time last year due to four separate shipments valued at between £2.1million and £5.7million each.

Figures show that in the last month Turkey’s market was worth £8.5million and Egypt was also worth £5.4million.

John Bridge OBE DL, Chief Executive of Cambridgeshire Chambers of Commerce, said:
“In spite of the nonsense currently emanating from the country’s politicians it’s clear that at least the business community is maintaining its focus on creating the wealth necessary to secure our country’s future success.

“This extraordinary increase in export activity is excellent news for the local economy and will, we hope, inspire others to continue to press into new markets and not demonstrate reluctance to exploit business opportunities overseas.

“It is essential that businesses stay positive and focussed on creating the certainty in their minds that they can continue to perform. The one thing we can be certain of currently is that that attitude is fundamental to future wealth creation.”